A dealer allows a discount of 30% on the marked price and still gains 20%. If the cost price is Rs. 700, find the marked price. MCQ with Answer and Explanation

A dealer allows a discount of 30% on the marked price and still gains 20%. If the cost price is Rs. 700, find the marked price.

A. Rs. 1200

B. Rs. 1300

C. Rs. 1150

D. Rs. 1250

Answer: Option A

SP = 700*1.2 = 840. MP = 840 / 0.7 = 1200.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

The selling price of an article is 8/5 times its cost price. Find the profit percentage.

A. 60%

B. 50%

C. 40%

D. 75%

Correct Answer: Option A

Explanation:
Selling Price = (8/5) * Cost Price. Selling Price / Cost Price = 1.6. Profit = 0.6 of Cost Price. Profit percentage = 60%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

Find the selling price of an article bought for Rs. 800 and sold at a 15% profit.

A. Rs. 900

B. Rs. 940

C. Rs. 950

D. Rs. 920

Correct Answer: Option D

Explanation:
Profit = 15% of 800 = 120. Selling Price = 800 + 120 = Rs. 920.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A shopkeeper allows a discount of 10% on his goods and still makes a profit of 20%. If the marked price is Rs. 1200, what is the cost price?

A. Rs. 850

B. Rs. 900

C. Rs. 1000

D. Rs. 950

Correct Answer: Option B

Explanation:
SP after discount = 1200*0.9 = 1080. CP = 1080 / 1.2 = 900.

This question belongs to: Maths Profit And Loss